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One of the largest auto insurers in Louisiana is implementing a double-digit rate decrease.

Louisiana Insurance Commissioner Tim Temple has approved Louisiana Farm Bureau Casualty Insurance Company’s request for an 11.8% rate decrease, which takes effect Jan. 1, 2026. The rate decreases are a statewide average, so each policyholder’s rate change will vary based on their individual risk. Louisiana Farm Bureau has over 80,000 policyholders.

Temple said Louisiana Farm Bureau cited two primary reasons for the rate reduction.

“First, a decrease in accident frequency and severity. Second, while Louisiana’s recent legal reforms have not yet taken full effect, Farm Bureau said our efforts gave them confidence that Louisiana is committed to improving the market for insurers and consumers,” Temple said.

More than 20 auto insurers have filed rate decreases since the start of the year. Temple said that a reduction in accident frequency has catalyzed rate reductions. Through the first seven months of 2025, the average market impact for private passenger auto was a rate decrease of 2.3%.

In 2024, the statewide average market impact for approved rate changes was +2.2%, compared to +15.3% in 2023 and +10.8% in 2022.

Louisiana Farm Bureau Mutual Insurance Company notified the Louisiana Department of Insurance (LDI) that it has begun writing more wind and hail coverage for homeowners across the state, according to an announcement from LDI.

Farm Bureau said recent changes to the three-year rule gave them confidence that they could write more homeowners policies in Louisiana while maintaining the ability to effectively manage their book of business, the insurance department said.

Last year lawmakers repealed Louisiana’s unique three-year rule, which prevented insures from canceling or non-renewing homeowners policies in effect for three or more years.

Topics Trends Auto Louisiana Pricing Trends Agribusiness